Procurement
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20 years ago the average P2P department was a world of paper purchase orders and manual processes with a general ‘black hole’ around supplier indebtedness.
Finance Directors and Treasurers often maintained cash balances for overdue payments in any given month. Today, as the Finance function has transformed, P2P has transformed with Full Content »
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Top performing P2P organizations collaborate across Purchasing Operations and Accounts Payable. Find out more Full Content »
Posted: 09/04/2012
New outsourcing arrangements often emphasize shared risk, shared rewards and most importantly: collaboration. You cannot get there clinging to your old-style contracts Full Content »
Posted: 11/14/2012
Procurement Transformation: What can You Learn from Marketing?
Mikael Bechsgaard is the head of procurement for fast-growing biotech company Novozymes and brings a somewhat unusual background to the table, namely: consulting and marketing. That has turned out to be a great advantage, however, as a senior manager recently congratulated the procu Full Content »
Posted: 11/20/2012
Gearing up for a Global Procurement Strategy
How do you take a globally based sourcing team that is currently aligned to different internal customer sets – and build it into a strategic function that understands not just its customers but also the often volatile external commodity markets, and that can guide the business to making the bes Full Content »
Posted: 01/10/2013
In a career spanning 30 years, Giles Breault has become the consummate Procurement professional. His last role at committed him to year-on-year improvements of 8%. In this candid interview he shares a 3-pronged strategy for transforming procurement – and introduces his vision of aligning teams to high cost areas. What he proposes is nothing short of revolutionary. Full Content »
Posted: 08/07/2013
Download the Supply Chain Overview from ScottMadden here. Full Content »
Posted: 10/07/2013
With last week's merger announcement between Accenture and Procurian creating a giant in the procurement outsourcing field, what will this mean for your options? Full Content »
Posted: 11/24/2013
Robert Bosch set up a Global Business Services model in 2004, originally just for Finance & Accounting services, but subsequently extending it to Procurement and Purchasing and HR services, as well. The India centre plays the biggest role, but a number of regional "spoke" models provide the necessary additional "customer intimacy." The sc Full Content »
Posted: 12/02/2013
SSON's Global Payments columnists, Mark Seethaler, Global Payments Manager, LDS Church – Treasury Services, shares a template for a standardized Set-up and Change Form. This 1-page document is the result of a collaborative effort, several years ago, between AP, Purchasing, Tax Administration, Legal, and the internal Correlation group. Wo Full Content »
Posted: 01/02/2014
Using the same arms-length buying mechanisms, transactional negotiation tactics, and commodity contracts for all transactions types, means you are sacrificing optimization where it counts most: in services delivery Full Content »
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